The politics of bitcoin software as right wing extremism

and Right-wing Extremism he again tries to assert that inflation is actually good and anybody who thinks it isnt is a right-wing extremist / conspiracy nut: These ideas are not simply heterodox. Im delighted to post another 2017 show, # 261, my May 31, 2017 interview with, prof. Yet it is hard to see how this minority can resist the political values that are very literally coded into the software itself. Whenever I try to explain to people what inflation really does, I and many others usually like a graph depicting the purchasing power of the US dollar since the inception of the Fed in 1913: When you look at this graph you should also. Or those using Bitcoin to circumvent a extrajudicial financial blockade to make perfectly legal donations using their own money? Lets call this the focus group stage where all kinds of hyperbole will be floated to see what will stick. Doesnt show his work. That exact thing happened to me here.

Massively expanded their balance sheets. The cumulative effect of this widespread and systemic intervention, and permanent mangling of, the financial markets has been to utterly and completely destroy the signalling and discovery mechanisms. There is also the lesser known Stephen Zarlenga, who was a registered Democrat and the co-founder of the American Monetary Institute and author of the exhaustive opus The Lost Science of Money. Today I can do a better job of articulating the problem with this premise: It confuses the purchasing power of a unit of currency with the nominal return of some asset or investment vehicle. . Central banks pick winners and losers, buying equities of select companies with money created out of thin air. The grand experiment of the crypto space will succeed or fail to the degree that it can create governance structures, perhaps competitive decentralized ones, that can function effectively before the world governments do it for. The opposition to Bitcoin and the wider crypto-space is following a predictable arc, very similar to the early Internet days: it facilitates criminality, it will destabilize everything, and in a plot twist peculiar to this specific point in history, it is, like anything else progressives. Economically speaking its incoherent, a non-sequitur. Ive written about him before and it bears repeating here. To view this video please enable JavaScript, and consider upgrading to a web browser that supports html5 video, loading. In particular, Golumbias Politics of Bitcoin has said absolutely nothing about Bitcoin itself, merely throwing fallacious strands of racism, conspiracy theory and extremism at the proverbial wall and hoping that something will stick. One of the numerous examples of this practice is illustrated below: The idea that inflation is a destruction of value and that the.S.